Lookee at what’s happening this week.
Is that a little awkward, perhaps?
Perhaps. But it’s worth waiting to see who has the last word on how HB 617 is implemented in Athens, particularly when it comes to this provision:
You know Smart has his staff geared up to push that personal branding message hard next month when recruits and their families finally show up next month. It would be a real shame if Georgia adopts a pooling arrangement that steps all over that message. (Although, to be fair, if there’s one thing the Georgia Way should be adept at promoting, it’s Butts-Mehre’s deep experience at managing a reserve account.) Will Kirby have to tell Jere to stay in his lane? Stay tuned…
Get The Picture 
“Sanford Stadium, home of UGA president Jere Morehead.”
HUH?
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Soup sandwich comes to mind.
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Chili dogs?
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As in fucked up like a soup sandwich.
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Oh I get it. But we’ve never had the debate here that I know of. Is chili a soup or a stew? Does a chili dog qualify as a soup sandwich?
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The chili dogs I make can’t be picked up without being a sloppy mess, so they’re not a sammich. They’re et with a fork so it’s not a soup.
I don’t eat chili out of a bowl as I always see it again bent over hurling my guts out. Probably has more to do with the rot-gut tequila served at those “Western Night” parties along with the chili.
I do love me a grilled Ballpark frank chili dog with Wickle relish though. I just avoid the tequila.
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I just saw a jar of Wickles at the store an hour ago for the first time. Never heard of it, did’nt buy it but now I will since its got Darth Ranger’s approval.
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Saw a jar of Wickles first time about fifteen years ago at a brewery in Sylva, NC. They were being served with beer samples and made a good treat. That was the only place we could find them for a few years. They’re ubiquitous now and have become a pantry essential.
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Bulldogs lead the way.
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Let the nil crootin begin…
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Come senators, congressmen, please heed the call…
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I don’t think I’d want to pool my NIL money with the rest of the S-A’s and I sure would want to control where and how my money is invested. An escrow account isn’t good enough. I’d want to hire an agent to represent me.
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I’m not a fan of the pooling arrangement. If an athlete wants to contribute some to the fund, great, but it’s not necessary.
Am I glad to see the Governor sign it? Yes. Is it an excellent photo op for Kirby and company to do it in our recruiting lounge? Absolutely.
Coach 404, you can have the area code and Waffle House, whatever. We’ll take this as another reason why We Run This State.
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Hey athletes you are free to monetize your NIL – but we are going to control all of the funds and you will give 75% to us to distribute as we see fit – you have got to be kidding me.
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I don’t think we’re going to see UGA do this. I would be very surprised.
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It won’t be long before at least one player that drops out of school sues for “his” money. Possibly multiple players across multiple schools recruited by a law firm.
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Kirby: Forget it, Jere, you’re out of your element!
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Get to know the terms:
Non-fungible
Blockchain
Bitcoin
Etherium
Cryptocurrency
That is all
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I would be genuinely stunned if players aren’t already being paid this way and have been for a while now.
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also they are getting paid in casino chips and random atm card withdrawals – this is why 10rc is so bête.
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Yeah, these were both methods Auburn was famous for.
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Actually, I would be surprised if they are being paid illicitly via cryptocurrency considering that maybe only 10% of the public understand it and I have my doubts that student-athletes accepting crypto would have a good idea about how to turn it into US currency.
I do think it will become a way for a lot of athletes to make NIL money.
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Come mothers and fathers throughout the land,
And don’t criticize what you don’t understand,
Your sons and daughters are beyond your command,
Your old road is rapidly aging,
Please get out of the new one if you can’t lend your hand
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How come we never say things like “it’s all about the $$$” when we discuss NIL?
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Ummm… I must have missed when players were put in charge of running college athletics.
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Can anyone clarify the term “team contract”? Is that a contract a SA signs to play a varsity sport with the school, or is it the team/school contract with a sponsor (e.g. Nike)? The former surprises me that such a contract even exists and can cover things like this unless it’s also being introduced in this legislation. The latter just means that the big sponsorship deals get pooled while SA’s can still get their own deals with other sponsors. Pooling the Nike funds does make some sense even if JT is being featured. He would still likely make more with all the pooled funds from big sponsors than Nike would offer him directly in the long run.
I also assume each school will get to set it’s own rules on what can cause a forfeiture or acceleration of receiving these pooled funds. Death? Disability? Hardship? Natural disaster? Post as collateral? Seized under bankruptcy? Divorce?
What’s the tax treatment? When are they taxed? Income or investment gains? Both? Is the AD held as a fiduciary over the escrow account? Who oversees the investments?
What a mess this will be.
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Team contract is defined in the statute. Click on the link and read.
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What…and take precious time away from ranting?! Dude…
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Politicians crave power and control. ALL of them. If this doesn’t convince you, nothing will.
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looks like Bama launched it too….”The Advantage”:
https://rolltide.com/news/2021/5/4/general-alabama-athletics-unveils-the-advantage.aspx
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So they let the kids keep 25% of what they receive? How gracious.
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Pooling money? WTF? Republicans are the new Commie Pinkos.
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